In the land of ‘Jugaad’, where everyone is able to find a frugal fix toany problem, innovation is still dismal …. Innovation in India is dismal not because of the lack of grey matter, but because India is systemically failing its inventors …

We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly … lower than the social plannerś benchmark, which suggests a role for patent policy. We focus on a "non-infringing inventive … the rate of innovation, as well as a separate optimal required inventive step that maximizes welfare, with the former …

We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly … lower than the social planner's benchmark, which suggests a role for patent policy. We focus on a “non-infringing inventive … the rate of innovation, as well as a separate optimal required inventive step that maximizes welfare, with the former …

use, innovative activity, and patent protection, on economic growth in a model with many regions. In each region …. Second, we characterize the transitional dynamics in our model. Third, we determine the value of the patent expiry rate that … maximizes the equilibrium growth rate of a region. Finally, we show that a policy of offering perpetual patent protection does …

use, innovative activity, and patent protection, on economic growth in a model with many regions. In each region …. Second, we characterize the transitional dynamics in our model. Third, we determine the value of the patent expiry rate that … maximizes the equilibrium growth rate of a region. Finally, we show that a policy of offering perpetual patent protection does …

may even reduce welfare. The reason is that it crowds out proprietary innovation which on net may reduce total innovation … in the long run. These effects would be reinforced if philanthropical innovation diverted people from other productive …

This paper investigates the main postulations of the Ramp;D based growth models that innovation is created in the Ramp …;D sectors and it enables sustainable economic growth, provided that there are constant returns to innovation in terms of Ramp …;D. The analysis employs various panel data techniques and uses patent and Ramp;D data for 20 OECD and 10 Non-OECD countries …

This paper investigates the main postulations of the R&D based growth models that innovation is created in the R …&D sectors and it enables sustainable economic growth, provided that there are constant returns to innovation in terms of R …&D. The analysis employs various panel data techniques and uses patent and R&D data for 20 OECD and 10 Non-OECD countries for …

patent lifetime a government would set in order to maximise economic growth. We show that a finite patent lifetime does exist … of research technology on this optimal patent lifetime …